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Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 146. (Read 170140 times)

hero member
Activity: 1092
Merit: 501
Maybe an idea: Try to create an exchange with a similar look and feel like Polo and Trex (like a white background, tools etc). I don't like the dark colors, sorry.
I don’t think that is really that important, the most important thing is for the exchange to work as advertised and to be easy to use, after you got those two things then you can begin to tweak other things, I think if they could create themes, that will be great that way those that like the dark colors can keep them and those that prefer white colors could choose that theme.

hero member
Activity: 882
Merit: 533
You say it is possible to use electrum as a wallet. What I don't understand is: can the electrum wallet recieve the tokens? I would say it couldn't since it only handles bitcoin. Could you explain more on this?

You can use an Electrum wallet address as you can then retrieve the private key, your tokens won't show into an Electrum wallet as it can't parse the counterparty asset informations.


I think it makes most sense to use CounterParty - CounterWallet, if you want to invest. In this case you will be able to "see" incoming dividend (NVOT + NVOS).

CounterWallet in fact, the best one to use, especially if you are worried about your tokens as you will be able to see them.


You say it is possible to use electrum as a wallet. What I don't understand is: can the electrum wallet recieve the tokens? I would say it couldn't since it only handles bitcoin. Could you explain more on this?

To my knowledge, electrum can accept LTC with different forks, but this wallet cannot accommodate eth.
We should use the eth wallet we normally use for this token and try to maximize it.

Electrum supports only Bitcoin, Electrum-LTC is a fork of Electrum, and untill now, i never heard of an Electrum fork for Ethereum.
Regarding ETH or ETC, you don't have to look for an electrum like wallet.


NVO , is very good project , im want to apply a sign camp
we hope nvo make all partipant get reward and to be happy


Thank you for your support.
sr. member
Activity: 1456
Merit: 261
NVO , is very good project , im want to apply a sign camp
we hope nvo make all partipant get reward and to be happy
sr. member
Activity: 2338
Merit: 273
DGbet.fun - Crypto Sportsbook
You say it is possible to use electrum as a wallet. What I don't understand is: can the electrum wallet recieve the tokens? I would say it couldn't since it only handles bitcoin. Could you explain more on this?

To my knowledge, electrum can accept LTC with different forks, but this wallet cannot accommodate eth.
We should use the eth wallet we normally use for this token and try to maximize it.
full member
Activity: 203
Merit: 100
I think it makes most sense to use CounterParty - CounterWallet, if you want to invest. In this case you will be able to "see" incoming dividend (NVOT + NVOS).
newbie
Activity: 1
Merit: 0
You say it is possible to use electrum as a wallet. What I don't understand is: can the electrum wallet recieve the tokens? I would say it couldn't since it only handles bitcoin. Could you explain more on this?
hero member
Activity: 882
Merit: 533
Hi,

I didn't notice that I cant send the funds from coinbase and have sent Btc from coinbase to the escrow address.

Is there anyway I can notify the developer to send the token to another bitcoin address which I control the private key?


Update: Joined slack and the guys are very helpful in solving the problem.


You are welcome.


Can you put on the website how much is already raised in $ and how many people have contributed?
We don't want to take out our calculator Grin


If Lauda and i  had a children, he would be like you.

So to answer your question, yes it is a good idea, but we use coins and their value is constantly changing, it would be useless to add it now. i know that we are around 2k participants, some wants to stay annonymous, and we respect them, so i don't think that we will provide such information.



I might be older than you Roll Eyes
Anyway you can pull the price from coinmarketcap. I don't need the names of people at this stage but only a counting system that shows the amount of participants/transactions.


X-mas is still far away sammy, i told you that we are around 7k registered users.


Hello to all. I'm new to the forum, and I'm getting into this crowdsale now, the project looks promising, congratulations to the developers. I have a question, in July the token will be available in which exchanges?

The token will be listed on the most important exchanges, yobit isn't one of them, NVO doesn't want to insult the project.

full member
Activity: 203
Merit: 100
"in July the token will be available in which exchanges?"

No one really knows, it is up to the exchanges to list it, but I believe Poloniex will start trading it soon after.
jr. member
Activity: 77
Merit: 1
Hello to all. I'm new to the forum, and I'm getting into this crowdsale now, the project looks promising, congratulations to the developers. I have a question, in July the token will be available in which exchanges?
sr. member
Activity: 490
Merit: 252


Can you put on the website how much is already raised in $ and how many people have contributed?
We don't want to take out our calculator Grin


If Lauda and i  had a children, he would be like you.

So to answer your question, yes it is a good idea, but we use coins and their value is constantly changing, it would be useless to add it now. i know that we are around 2k participants, some wants to stay annonymous, and we respect them, so i don't think that we will provide such information.




[/quote]

I might be older than you Roll Eyes
Anyway you can pull the price from coinmarketcap. I don't need the names of people at this stage but only a counting system that shows the amount of participants/transactions.
hero member
Activity: 882
Merit: 533
I still don't understand how do you prevent double spending.
Any details,  please?

Basically, in order to perform a double spending, you must have a full controle over an address, in order to prevent such action, NVO can use a multisignature addres, a 2-of-2 address, which means that you won't be able to send a transaction without the agreement of the Validator. it may seem centralized but it isn't as it happens on a decentralized environment, and it will be totally transparent and automated.
full member
Activity: 203
Merit: 100
I still don't understand how do you prevent double spending.
Any details,  please?
hero member
Activity: 882
Merit: 533
Yes, I agree with "dzimbeck" and I would like to hear more about defence vs. Double Spend attacks, and updated white paper to address such issues. Before I can invest a penny.

LN = Lightning Network? (Hint: it will not work. Bitcoin and Dash don't have SegWit, so no LN for ya). It can work on Litecoin and on Ethereum, though.

I answered about dzimbeck, you can check it.

Regarding LN, Bitcoin miners agreed to activate segwit (at least last time i checked) DASH doesn't really need LN as they have other features in their blockchain., I don't think LN is required for ethereum, but for LTC it would be really good.


Yes, I agree with "dzimbeck" and I would like to hear more about defence vs. Double Spend attacks, and updated white paper to address such issues. Before I can invest a penny.

LN = Lightning Network? (Hint: it will not work. Bitcoin and Dash don't have SegWit, so no LN for ya). It can work on Litecoin and on Ethereum, though.

I've heard/read that radixdlt will outpace them all, as it is not blockchain. Could that be true?

It is an interesting project, thanks for this, i will document more about it. It is a direct competitor to maidsafe, their project looks great.


Can you put on the website how much is already raised in $ and how many people have contributed?
We don't want to take out our calculator Grin


If Lauda and i  had a children, he would be like you.

So to answer your question, yes it is a good idea, but we use coins and their value is constantly changing, it would be useless to add it now. i know that we are around 2k participants, some wants to stay annonymous, and we respect them, so i don't think that we will provide such information.



hero member
Activity: 882
Merit: 533
If you aren't using atomic trading how can you possibly claim decentralized exchange? Otherwise parties can just double spend. There was no mention of double spend or atomic trade in the whitepaper please explain. Users can double spend by simply mining their own transactions. If you use an escrow account then it is not decentralized either because that allows a 2 of 3 collusion attack. And 2 of 2 accounts require microtrading. What protocol is being proposed here?


Thank you for this interesting question, i hope the answer will satisfy your demand.


The validator will be hosted on a decentralized distributed storage platform (SafeNetwork) which will provide a lot of possibilities to solve issues related to live and offline trading. As an example, using multisignature addresses doesn't means centralizing the process as it will be done by a user and a decentralized process hosted into a decentralized ecosystem.

As i said, it is just one of the many possible sollutions, as they are ranging from soft, to extreme degree.

You can also check this link : https://en.bitcoin.it/wiki/Atomic_cross-chain_trading

There is an interesting solution to the atomic trading issues you talked about.

Rest assured that the team will never release a trading pair if they are not sure about the security of the process.



"Apollo777": Correct.

1. How do you plan to distribute dividends on Bitcoin/Counterparty network ?

Think about it for a moment. Assume 10,000 investors, means that you will need to do 10k Bitcoin transactions (and pay $20,000; $2/tx) just to distribute the dividends.

...When each transactions costs $2.
Maybe it's smarter to find a way to do it without relying on over-crowded Bitcoin network ? (based on Ethereum or Ethereum classic, or some other network)
After all there is a good reason why StorJ coins migrated from Bitcoin/Counterparty to Ethereum.

2. Double-spend attacks that "dzimbeck" mentioned

Another way to double-spend Bitcoin is to use zero-confirmation RBF - Request-by-Fee (and send transaction to self with a higher fee).
Bitcoin miners will pick-up a tx with higher fee, even if arrived *later*.
How do you plan to deal with it ?
A safe BTC transaction requires 6 confirmations, but I don't see how-to achieve it in this case of decentralized exchange.


Thanks for the question.

There is a section in the whitepaper who explains how this part will be handled, when you withdraw from poloniexw, or other similar services, they don't broadcast a trasaction right away. Instead, they group them, and send a single transaction. This is how the distribution is going to be processed and it can be done as long as the TX size is lower then the block size. From there, you can create a single transaction with several outputs and pay a marginal fee.

This is one of the situations where the validator is handy, because he will ensure that you won't attempt to realise such operations, as he will check (several times) the informations sent by the users and process them in order to allow a trading, and the usage of multisignatures, smart contracts, LN channels would be also a part of the sollution.

As i already sead, NVO doesn't want to compete against other decentralized exchanges, or centralized exchanges, NVO aims at using the technologies provided by the multiple blockchains to create an as safe as possible environment for trading, and to provide a multi crypto wallet with as much "functions" as possible while giving the possibility to its users to choose what function they want to include into their wallet.


Is this project uncapped? So from my understanding, when the ICO closes, 15M tokens will be distributed based on the % of your contribution to the funding pool.

Yes the project is uncaped, and there is no price for the NVOTokens, at the end of the crowdsale, the contributions will be calculated and evaluated, every participant will receive a proportional amount of NVOT.

Actually your answer does not satisfy my demand. You are asking for money and yet you don't understand the protocol you will be using nor were you able to answer. I've been a crypto dev for 4 years and coded BitHalo and BitBay. Just linking me to wiki about AT when I already know how to do AT with checklocktimeverify is not a sufficient answer.

There is only ONE way to do decentralized exchange between blockchains and that is atomic trading. It cannot be done without checklocktimeverify because of malleability.

Also 2 of 3 escrow like BitSquare is not decentralized because of simple theft and collusion in escrow.

2 of 2 with microtrading works like in BitHalo but it's tedious and expensive and unpopular.

So the only way is AT and it must have a web front end in JavaScript and no blockchain download to become popular.

You can't just launch a project and be like "give me money and I will build a decentralized exchange"

Sure man that's what everyone is doing right now and I'm getting tired of it. Make a full fledged decentralized exchange and then.launch a token. But your marketing whitepaper and response shows me you didn't have a specific protocol in mind to stop double spend and malleability

Like I said there is one way and to my knowledge Blocknet is the only coin doing it (maybe also Komodo)

Atomic trading

OK maybe you can build LN in every coin but that would be insane engineering costing millions or years

By the way when peoples money is on the line there is no such thing as "safe as possible given the tools in the coin" there is completely secure and not secure. It works or it can be hacked period.


It is the first post who is really perturbating me, especially when it comes from a legendary who says he is a developer, i think you are more a project reader then a developer, and then you come and speculate on projects.

I don't agree with you when you say "give me money and I will build a decentralized exchange", we are not scaming people and i don't tolerate such a lack of respect, and please don't try to minify the project saying the team isn't capable to deliver it.

Now let me answer as a developer, the one who will make the validator (for free, not to bother the development funds), as Yani will work on the wallet, and manage the development team, there will be another developer who will work on coins implementation, and another one for the API clusters, i own't disclose any information regarding because they are still not recruited, they will be paid hourly.

Yani will manage the development team, after the beta2 yani and i will work on the plugin system as it is also into my interest to build it, we will even deliver a plugin for coinpayment integration, it is an insider information but i think that most of the people knew about it.

Now let me talk as a developer and explain to you how your informations are restricted, as you are talking about have been done, and what is going to be done.

- OP codes manipulation is an option, and it may not be used. Because this is related to bitcoin only, and it would restrict NVO and would deprecate the plugin system.
- 2 OF 3  multisig addresses isn't an option at all as the two other participants could cheat on the validator, then the validator won't receive fees, and it is not in the interests of NVO.
- 2 Of 2, you are seeing it as like as you open a direct streem between A and B, which is useless because in the end, what will do the validator here ? in your case the Validator is what you call an Escrow even if it is not his main purpose. In the case of NVO, the 2 OF 2, i will try to explain it in the most way so that you can understand it :

A and B want to trade, A will create a 2-OF-2 with the validator, B will create a 2-OF-2 with the validator. Once the validator verifies the order informations are good, and the transactions are valid, he will issue the required redeem scripts.

The validator will be hosted on safenetwork, i wish a good luck to any hacker who wants to hack into it, or even find it into the safenetwork. Actually with your closed logic, it will take you up to a life or two, unless someone gives you the sollution but it would too late as you won't be able to use it again.

Do not say that you are a developer as long as you can't innovate, developer = innovation not stagnation.

- NVO isn't a blockchain, it is a multi function wallet, with a DEX built on the safenetwork. You can still check their website, with the help of the plugin system, NVO can be a payment processor.

- Now talking about having enough, and fledged DEX, and about marketing, i asked not to give too much details about the validator on the whitepaper, because i wanted to explain it myself, and to explain the phenomenous amount of possibilities offered by the validator and the plugin system, as if i had to explain exactly in details the validator, we would have to create a lot more whitepapers, as he answer to Two big issues about decentralized trading, double spending and offline trading.

For marketing and community reasons, i prefered to let people's toughts open, so that future project developers can innovate using the NVO plugin system and its validator, which will enrich much more the NVO project.

- I don't want to say bad things about komodo but personally i don't really see how it can be usefull. I don't want to insult these projects, but most of them recreates blockchains, this a difference that most of the people have troubles to understand, NVO isn't a blockchain, it is a project who USES blockchains, it integrates them and complete their services.

- I never said that we will create LN for each coins, i said that it would be usable in order to let people know what is the actual stage of developer, in case someone decides to create  an LN DEX, and it wouldn't cost millions, nor years. And actually a lot of coins are already implementing their LN, you can check them.

-You know, even Bitcoin can be hacked in the future, everything is hackable, the technology is moving vary fast it is not frozen in 2017, there is no such "secure" system, and there will never be, even matrix (the movie) have been hacked.


To conclude, you gathered all the shits from the other projects and you throwd them here without even understanding the project, i would have appreciated if you asked me questions about NVO first, instead of throwing unrelated projects problems, and then you insult me even more when you say that i ask for people's money.

No longer insult me without real arguments.
sr. member
Activity: 490
Merit: 252
Can you put on the website how much is already raised in $ and how many people have contributed?
We don't want to take out our calculator Grin
legendary
Activity: 2674
Merit: 2965
Terminated.
If you buy NVOT with bitcoin sent to the escrow address, will you then see the amount sent, on the Dashboard? After ofc entering the addy sent from in the Personal bitcoin address.
No. If you invest with Bitcoin, you will not see your amount on the dashboard.

1 - how much you have raised so far ?
You can see that on the website.

3- How the funds will be used ?
Read the whitepaper and escrow milestones.

How do i invest?
There are instructions in the dashboard and I've made a detailed post on how to invest.

No coins in it as my btc are in Coinbase
Do not invest from Coinbase or risk losing funds. You need to invest from a Bitcoin address to which you own the private keys to. Check my post or the instructions in the dashboard for compatible wallets and instructions.

How do i know how many tokens ill get back?
It will depend on how much you've invested and the total amount that has been invested. This can not be known until the end of the crowdsale.


Is it safe? Tongue
There are 4 escrows. Can it get any safer? Grin


newbie
Activity: 8
Merit: 0
I dont understand exactly how this works as im a newbie to crypto. (2 weeks)
I got a bit of spare bitcoin and eth i could invest.

How do i invest? I made myself a new wallet on "wallet generate net" and added it on the website.
No coins in it as my btc are in Coinbase

How do i know how many tokens ill get back?

Is it safe? Tongue

Thanks
newbie
Activity: 1
Merit: 0
Hi, couple of questions if you don't mind.

1 - how much you have raised so far ?

2 - is Yanni the only developer working on this ?

3- How the funds will be used ?
newbie
Activity: 13
Merit: 0
If you buy NVOT with bitcoin sent to the escrow address, will you then see the amount sent, on the Dashboard? After ofc entering the addy sent from in the Personal bitcoin address.
hero member
Activity: 787
Merit: 501
if i send btc from trezor to nvo, can i join the ico and get tokens?
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